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Tax cut talk coming in 2015 #MSLeg...

Tax cut talk coming in 2015 #MSLeg session

By: Magnolia Tribune - November 3, 2014

AP analysis: Mississippi tax cuts could be debated in 2015, an election year

JACKSON, Mississippi — Mississippi has state elections in 2015, and it’s a safe bet that lawmakers will try to endear themselves to voters by debating a tax cut.

Gov. Phil Bryant and Lt. Gov. Tate Reeves are both seeking re-election, and they’re already reciting familiar Republican talking points by saying people should keep more of the money they earn.

Any proposal that could reduce revenue will, of course, be met with skepticism by people who say underfunded schools are hurting Mississippi’s prospects of emerging from perpetual poverty.

It’s too soon to know what kind of tax cuts legislators will consider. They could look at a business-focused break, or at a narrowly focused reduction of income taxes.

Gulflive
11/2/14

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Magnolia Tribune

This article was produced by Magnolia Tribune staff.